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Retail Direct Scheme offers safe investment platform

The RBI’s Retail Direct Scheme, unveiled by Prime Minister Narendra Modi, constitutes a significant step forward in the development of the government securities (G-sec) market. The initiative will make G-secs, the government’s debt instruments, more accessible to the general public by simplifying the investment process. 

The scheme’s aim is to provide investors with a safe, simple, direct, and secure platform. Here is how it works:

  • Under the Scheme, Individual retail investors will be able to open a Retail Direct Gilt (RDG) account with the RBI through an online portal https://rbiretaildirect.org.in
  • Investments can be made using the following routes: 

Primary issuance of government securities: Investors can place bid as per the non-competitive scheme for participation in primary auction of government securities and procedural guidelines for SGB issuance.

Secondary market: Investors can buy and sell government securities on NDS-OM (‘Odd Lot’ and ‘Request for Quotes’ segments).

  • Payments for transactions can be done conveniently using saving bank account through internet-banking or UPI. 
  • Investors can obtain help and other support facilities on the portal itself and also through a toll-free telephone number 1800–267-7955. 
  • Investor services include provisions for transaction and balance statements, nomination facility, pledge or lien of securities and gift transactions. 
  • No fees will be charged for facilities provided under the scheme.

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